Alberta · Proposal
Preliminary Report of the Trustee on the Proposal
Court officer report · 11 September 2017
AI summary
A plain-English summary drawn only from this filing: what it is, why it matters, and the parties, amounts and dates it turns on.
What we verified from this filing2 verified · 1 withheld
- recovery outcomeentries: basis: plan · quote: Brookfield Private Equity, as plan sponsor, is funding the Trustee with $320,000 to be distributed to creditors with proven unsecured claims as follows: · pct of: unstated · outcome: distribution · class key: unsecured · stated by: trustee · amount low: 320000 · amount high: 320000 · class label: unsecured creditors with proven claims · interim final: unstated · conditional on: 100% of the first $1,000 of proven claim; further payment equal to lesser of 10% of proven claim in excess of $1,000 or a pro rata distribution of remaining escrow funds · claims qualifier: unstated; basis: unstated · quote: If the Proposal is not accepted unsecured creditors will get no recovery. · pct of: unstated · outcome: nil · class key: unsecured · stated by: trustee · class label: unsecured creditors · interim final: unstated · conditional on: if the Proposal is not accepted · claims qualifier: unstated; basis: plan · quote: In the Proposal, Brookfield Private Equity waives its right to both vote on the Proposal or to receive a distribution under the Proposal. · pct of: unstated · outcome: nil · class key: equity · stated by: trustee · class label: Brookfield Private Equity · creditor name: Brookfield Private Equity · interim final: unstated · claims qualifier: unstated · stated on: 2017-09-07 · table missing:
- sale outcometext: The Swan Hills PSA was approved by an Order of the Court of Queen's Bench of Alberta dated September 5, 2017 and is scheduled to close on September 7, 2017. · scope: parcel · status: approved
1 extracted value is withheld: either a trap-shaped field where models produce confident wrong numbers, or an identity value whose quotation could not be found in the document. Withheld values are shown to no one.